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a year ago

Peter Thiel Submits Bid for Gawker

Peter Thiel on Thursday reportedly made a formal offer to buy the remaining assets of Gawker, the news site he helped shut down by funding lawsuits against it. According to Reuters, Thiel submitted a bid for an undisclosed amount to own the shuttered site’s domain names and archive of roughly 200,000 articles. A substantial portion of the site’s assets and sister pages (Deadspin, Jezebel, etc.) were bought by Univision in 2016 shortly after Gawker declared bankruptcy and closed down. “Gawker’s bankruptcy plan administrator Will Holden, of consulting firm Dacarba LLC, and the website’s bankruptcy attorney Gregg Galardi, of law firm Ropes & Gray LLP, have tried to block Thiel’s bid, according to court papers,” Reuters additionally reported.